London-based investment firm Centricus has partnered with Chinese firms China Merchants Group and SPF Group to launch a $15 billion fund aimed at technology companies globally.
News, Software
Alibaba injects major funding into world’s most valuable AI firm
China’s SenseTime Group has reportedly raised $600 million from Alibaba Group Holding Ltd. and other investors at a valuation of more than $3 billion, becoming the world’s most valuable artificial intelligence startup. 0 2350
Saudi Arabia, China explore the dark side of the moon
China has launched a satellite that will serve as the communications relay for a future probe on the the invisible side of the moon. The satellite is equipped with a payload for a space sensory system developed by Saudi engineers and researchers for filming and taking photos of the moon.
Dubai ties up with Alibaba Group’s online travel arm
Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has recently signed a Memorandum of Understanding (MoU) with Alibaba Group’s online travel service platform of the global leading technology company – Fliggy.
Alibabacoin rebuffs trademark infringement allegations
Dubai-based cryptocurrency company Alibabacoin Foundation has reportedly rejected the allegations of trademark infringement brought against it by the giant Chinese online retailer Alibaba Group Holding, according to Reuters.
“Don’t mess with our elections”: hackers warn Iran
The attack has disrupted data centres in Iran and has reportedly been launched in multiple countries as well. The hackers have left the image of a US flag on screens along with a warning: “Don’t mess with our elections”, the Iranian IT ministry said on Saturday.
China’s falling space station no threat to UAE, says Space Agency
The Chinese space station is expected to re-enter the Earth’s atmosphere in early April, falling over a region that includes most Arab countries.
Alibaba injects extra $2 billion into Southeast Asian e-commerce firm
Alibaba Group Holding is reportedly investing an addition $2 billion in Southeast Asian e-commerce firm Lazada Group and replace its chief executive.
Dialog to supply chips to Apple through 2020
Dialog Semiconductor expects Apple, its top customer, to use its chips for a significant proportion of its devices in 2019 and 2020, the firm’s chief executive Jalal Bagherli has told a German newspaper.
South Korea unfazed by crypto crimes
South Korea’s finance minister has reported said the government has no plans to shut down cryptocurrency trading in the country despite a spike in crypto related cybercrimes, according to Reuters.
Trump turns to 5G to avoid network spies
National security officials from President Donald Trump’s administration are reportedly looking at ways for the government to take control part of the country’s mobile network as a way of guarding against China.